Kuwait Finance House Turk Sukuk Seems Priced on High Side?

Kuwait Finance House Turk Sukuk Seems Priced on High Side?
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Kuwait Finance House (KFH) subsidy Kuveyt Turk Sukuk issued Sukuk yesterday in Malaysia which was priced at 5.8%, which seems high considering HSBC Amanah pricing was at 4.24% for a similar sukuk; more so given that Kuwait Finance House is considered quasi Sovereign, and HSBC may soon become homeless (it stated this week it may move from London, before finding out other countries are not overly keen to give it a new home, also see: HSBC’s Lack of Morals Damages its Sukuk Arranger Credentials). Higher price for KFH may be sign of the times of tighter sukuk market.